SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Taal Capital Management LP

CIK 0001811243 · ONE BEACON STREET, SUITE 21300, BOSTON, MA, 02108 · 617-880-7410

Reported Value
$122M
Q1 2021
Positions
46
Filings on Record
6
2019–present window
Filed
May 14, 2021
original filing

Summary

Taal Capital Management LP reported $122M in U.S.-listed holdings across 46 positions for Q1 2021.

Its largest position, PCG, represents 18.3% of the portfolio.

Compared with Q4 2020, the fund opened 32 new positions and exited 2.

Portfolio Metrics

Turnover
+19.6%
vs prior filed quarter
Top-10 Concentration
+75.7%
share of reported value
Largest Position
+18.3%
Pg E
New / Exited
32 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’20: $78MQ1 ’20Q2 ’20: $92MQ2 ’20Q3 ’20: $102MQ3 ’20Q4 ’20: $122MQ4 ’20Q1 ’21: $122MQ1 ’21Q2 ’21: $122MQ2 ’21filingsflow.com

Portfolio Composition

By security type
Common Stock: 96.2%Other: 2.4%ADR: 0.8%Equity WRT: 0.6%
  • Common Stock · 96.2% · $117M
  • Other · 2.4% · $3M
  • ADR · 0.8% · $971,000
  • Equity WRT · 0.6% · $715,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DISCKUSDDISCOVERY INCNEW+200.0K200.0K+$7M$7M
SWIUSDSOLARWINDS CORPNEW+275.0K275.0K+$5M$5M
FISVFISERV INCNEW+25.0K25.0K+$3M$3M
NEXTGEN ACQUISITION CORP IINEW+150.0K150.0K+$1M$1M
BIDUNBAIDU INCNEW+2.3K2.3K+$500,000$500,000
VIACOMCBS INCNEW+10.5K10.5K+$474,000$474,000
TENCENT MUSIC ENTMT GROUPNEW+23.0K23.0K+$471,000$471,000
ALTIMAR ACQUISITION CORP IIINEW+25.0K25.0K+$250,000$250,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PCGPG&E CORPhistory →COM18.27%$22M1.90M
2BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW15.52%$19M74.0K
3TMUST-MOBILE US ORDhistory →COM6.17%$8M60.0K
4DISCKUSDDISCOVERY INChistory →COM SER C6.06%$7M200.0K
5JPMJPMORGAN CHASE & COhistory →COM5.62%$7M45.0K
6DISHDISH NETWORK CORPORATIONhistory →CL A5.35%$7M180.0K
7VVISA INChistory →COM CL A5.22%$6M30.0K
8MSFTMICROSOFT CORPhistory →COM4.84%$6M25.0K
9NKENIKE INChistory →CL B4.36%$5M40.0K
10FEFIRSTENERGY CORPhistory →COM4.27%$5M150.0K
11LNGCHENIERE ENERGY INChistory →COM NEW4.14%$5M70.0K
12TJXTJX COS INC NEWhistory →COM4.07%$5M75.0K
13SWIUSDSOLARWINDS CORPhistory →COM3.94%$5M275.0K
14ATVIEURACTIVISION BLIZZARD INChistory →COM3.05%$4M40.0K
15JBLUJETBLUE AIRWAYS CORPhistory →COM2.51%$3M150.0K
16FISVFISERV INChistory →COM2.44%$3M25.0K
17NEXTGEN ACQUISITION CORP IIUNIT 03/23/20261.22%$1M150.0K
18OCCIDENTAL PETE CORPW EXP 08/03/2020.59%$715,00060.0K
19BIDUNBAIDU INCSPON ADR REP A0.41%$500,0002.3K
20VIACOMCBS INCCL B0.39%$474,00010.5K
21TENCENT MUSIC ENTMT GROUPSPON ADS0.39%$471,00023.0K
22ALTIMAR ACQUISITION CORP IIIUNIT 99/99/99990.21%$250,00025.0K
23MSD ACQUISITION CORPUNIT 03/25/20260.08%$102,00010.0K
24FIRST RESERVE SUSTAINABLE GWUNIT 03/05/20260.08%$100,00010.0K
25ISOS ACQUISITION CORPORATIONUNIT 99/99/99990.08%$100,00010.0K
26FREEDOM ACQUISITION I CORPUNIT 99/99/99990.08%$100,00010.0K
27KHOSLA VENTURES ACQUT CO IIICOM CL A0.08%$100,00010.0K
28LEAD EDGE GROWTH OPRTUNTS LTUNIT 04/01/20260.08%$100,00010.0K
29SUPERNOVA PARTNERS ACQUISTNUNIT 99/99/99990.08%$100,00010.0K
30HUDSON EXECUTIVE INVES IIIUNIT 02/22/20260.08%$99,00010.0K
31PERIDOT ACQUISITION CORP IIUNIT 99/99/99990.08%$99,00010.0K
32GORES TECHNOLOGY PARTNERS IIUNIT 03/16/20280.04%$50,0005.0K
33VIRGIN GROUP ACQUISIT CORP IUNIT 99/99/99990.04%$50,0005.0K
34WALDENCAST ACQUISITION CORPUNIT 03/11/20260.04%$50,0005.0K
35AUSTERLITZ ACQUISITION CORPUNIT 99/99/99990.02%$20,0002.0K
36SANDBRIDGE ACQUISITION CORPCOM CL A0.01%$10,0001.0K
37ACIES ACQUISITION CORPCL A0.01%$10,0001.0K
38STARBOARD VALUE ACQUISITN COCOM CL A0.01%$10,0001.0K
39FUSION ACQUISITION CORPCL A0.01%$10,0001.0K
40FORUM MERGER III CORPCOM CL A0.01%$10,0001.0K
41TAILWIND ACQUISITION CORPCOM CL A0.01%$10,0001.0K
42WPFFOLEY TRASIMENE ACQUISTN CORCOM CL A0.01%$10,0001.0K
43FG NEW AMER ACQUISITION CORPCOM0.01%$10,0001.0K
44NEBULA CARAVEL ACQUISITION CCOM CL A0.01%$10,0001.0K
45HECUSDHUDSON EXECUTIVE INVT CORPCOM CL A0.01%$10,0001.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2021$122M34Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$122M46May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$122M16Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$102M16Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$92M17Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$78M16May 15, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.